Updated Dec 19, 2023
Ben Shulman Acquires Retail Property On Hyperion Ave In Silver Lake For $2M
2810 Hyperion Ave, Silver Lake, Los Angeles, CA, USA
$2,000,000
$800/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Aug 30, 2021
About this deal
AI
Located at 2810 Hyperion Ave in Silver Lake, this retail property was recently sold in a closed transaction. The property spans a total of 2,500 square feet with a price per square foot of $800. The sale price for this transaction was $2,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Date: 08/30/2021
- Buyer: Ben Shulman
- Seller: Monte Overstreet
- Brokers: Elan Kermani - CityStreet Commercial
Elan Kermani from CityStreet Commercial represented both the buyer, Ben Shulman, and the seller, Monte Overstreet, in this transaction. The sale of this retail property on Hyperion Ave marks a significant deal in the Silver Lake market.
On the Map
$2,000,000
$800/SF
Retail
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Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93